
Jon Steinsson
@jonsteinsson
Economics Professor at UC Berkeley
ID: 600678291
https://eml.berkeley.edu/~jsteinsson/ 06-06-2012 02:08:09
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The Taylor rule has not been descriptive for the last 20 years. This prima facie is not evidence of suboptimal monetary policy, from Emi Nakamura, Venance Riblier, and Jon Steinsson nber.org/papers/w34200




Finally some movement on modernizing the FOMC’s operating target. I totally agree with Lorie Logan that targeting a repo rate (tri-party or SOFR) is the way to go. The fed funds rate is pretty irrelevant these days. dallasfed.org/news/speeches/… via Dallas Fed

Both Hubbard and Mankiw predict a stronger social safety net over the next 50 years (and consumption taxes) as a response to technology-driven inequality and populism wsj.com/economy/americ… via The Wall Street Journal





